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Sunnywell Group

Stage: Venture

Year of Investment: 2010

Sunnywell Group is a China-based leading sawing wire manufacturer for the global solar Photovoltaic ("PV") industry. On December 31, 2011, Sunnywell completed the acquisition of a major competitor, NICE, the third largest sawing wire manufacturer in China. The combination of Sunnywell and NICE instantly created an industry leader in the sawing wire space in China.

The management team is led by Founder Rongsheng Sheng, a 15-year veteran from NV Bekaert SA, a global leader in the tire cord and sawing wire industry.

Warburg Pincus invested in Sunnywell in December 2010.

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